Page 31 - Wealth Data News Today

Against the backdrop of a shrinking industry, fewer advisers switched licensees last year, but the proportion of those doing so increased according to data from Adviser Ratings and Wealth Data.

The number of accountants providing advice under limited licenses has continued to spiral downwards, dropping by a third during 2022. Based on data from the Wealth Data dashboard, the number of advise

New data has revealed a key positive that occurred in 2022 that many failed to notice. According to Wealth Data’s latest figures, the one big positive that has occurred during 2022, particularly in

ANZ’s life business re-launched under a new brand, while one of the major researchers expanded its managed account services. After two decades leading Xplan, Iress CEO Andrew Walsh announced his retirement.

The challenge of attracting new entrants to the profession will continue to be a focus in 2023 and beyond, an advice professional has said. Speaking to ifa ahead of the holidays, chief executive of Li

Two states are overweight for advisers, according to new research. New research by Wealth Data has suggested that Victorian and Queensland are overweight when comparing their percentage of advisers

The SMSF Association has applauded ASIC’s decision to abandon the $500,000 SMSF threshold. Last week, the corporate regulator said it would remove $500,000 as an indicator of “appropriateness of

The number of SMSFs per adviser has reached a new high. According to new figures from Wealth Data, the number of self-managed super funds (SMSFs) per adviser climbed to 38.04 at the end of the third

Concerns have been raised regarding the apparent backdating of adviser resignations by licensees. There are concerns that smaller licensees are backdating adviser resignations on the Financial Adv

The advice industry has welcomed 355 new entrants in 2022. Some 355 provisional advisers and new entrants joined the industry so far in 2022 - equivalent to the third largest licensee in the country.